Fannie Mae-No Politics (FNMA)

[clarencebeaks21]

“Wouldn't this arrangement be government competing with private industry? Not a good thing, see China.”

Good insight.

I agree. Predictably, the Brookings paper is deliberately vague. It fails to explain how (let alone WHY) a co-op portfolio lending model translates - at all - to the F/F Guarantee-to-Securitize model. These 2 models are as different as oil & water. But why worry about that if someone else has to always clean up the mess?

I hereby motion that we all start calling this new future-insolvent subsidiary (drum roll…): “MAGGIE” — for ‘Mortgage Affordability GSE’ and also because her mannerisms already remind me of a certain Simpsons’ toddler.